5, GRANBY ROAD, MELTON MOWBRAY, LE13 1PW - £292,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 GRANBY ROAD is a large detached house of 132m², built sometime between 1983 and 1990, which could now be worth an estimated £430,557. It was last sold for £292,000 in May 2015, which was around 10% above the average May 2015 detached price in the Melton local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was C.

5 GRANBY ROAD Sold Prices

Land registry data shows three sales for 5 GRANBY ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Melton local authority area for the corresponding sale date. All of the three 5 GRANBY ROAD sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 21 MAY	£292,000	£265,107	10% above HPI
2012 27 FEB	£248,000	£234,067	6% above HPI
2000 23 MAY	£129,500	£114,322	13% above HPI

5 GRANBY ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Melton local authority area over time, sourced from the HPI. The three 5 GRANBY ROAD sales between May 2000 and May 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2012 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the May 2015 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 5 GRANBY ROAD be worth now?

5 GRANBY ROAD might now be worth an estimated £430,557.

This is based on house price inflation of 47.5%, between May 2015 and March 2025, for detached houses, in the Melton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.5% inflationary increase is applied to the most recent sale price for 5 GRANBY ROAD of £292,000 on 21st May 2015. For the value to have increased from £292,000 to £430,557 over the ten years and two months to March 2025, the following assumptions must hold true:

• The value of 5 GRANBY ROAD has moved in line with the HPI for detached houses in the Melton local authority area.
• The May 2015 sale price of £292,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GRANBY ROAD has not materially changed since May 2015.

How Large is 5 GRANBY ROAD?

5 GRANBY ROAD is 132m² according to the EPC inspection conducted in October 2011. This puts it in the largest 30% of detached houses houses in Melton Mowbray, based on EPC data. The below chart shows the distribution of detached houses houses by size in Melton Mowbray, and where 5 GRANBY ROAD lies on this distribution: 74% of detached houses houses are smaller than 5 GRANBY ROAD, and 26% of houses are larger. Note that EPC data is not available for all properties in Melton Mowbray.

5 GRANBY ROAD: Plot and Title Map

5 GRANBY ROAD sits on a plot of roughly 0.135 of an acre, or 548m². The below map shows the location of 5 GRANBY ROAD, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 GRANBY ROAD). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 GRANBY ROAD?

5 GRANBY ROAD is located in MELTON MOWBRAY, in the LE13 postcode district. The below map shows the position of No. 5 on GRANBY ROAD.